After assessing how you’ve lived up until now, you’ve come to the decision that it’s time for a lifestyle change. More specifically, you’ve decided to adopt a more minimalistic approach. Minimalism has seen quite a popularity boost in recent times. Many look down upon minimalists because they can’t wrap their minds around someone who chooses to live with less. But that’s only half the truth; in reality, minimalists are people who live well within their means and don’t spend any more than necessary.
That being said, changing up your lifestyle can be a little difficult and isn’t an overnight process. In this article, we’ll be listing off a few ways to help you live a more minimalistic lifestyle.
Ditch the Quantity and Prioritize Quality
When it comes to shopping, another common myth about living as a minimalist is that they rarely shop. This isn’t true as they love to shop, but what they don’t love is spending money on a bunch of items they don’t need. As you peruse the aisles in your favorite store, have you ever paid attention to the other shopping carts? You’ll notice that a good amount of them are stuffed to the point it’s almost overflowing with items. Minimalists only buy what they need and what they deem as quality. Items with a higher price may seem like it’s a waste, but it can save you money in the long run. Today, the more you pay, the better the quality.
Sell Your Life Insurance Policy
Selling your life insurance policy can be a good idea, especially if you’re looking to cut back on monthly expenses. The premiums can cost quite a bit, so cutting it off can save you a decent amount. What’s more is that selling your life insurance can net you a huge amount of cash very quickly. There are two ways you can do this: giving it back to the company or acquiring a life settlement.
Life settlements follow the same process as giving the policy back to the company. What sets them apart is who you’re selling to. In this case, you’ll be giving the rights of your policy to a third-party buyer who pays you the lump sum instead. There’s another variation known as a viatical settlement. This is for those who are suffering from a terminal illness and are looking to receive the benefits while they’re still alive. It’s not a pleasant thing to talk about, but to qualify for a viatical settlement, you must have a prognosis of two years or less with a policy value of at least $100,000.
Reuse Everything You Can
One thing you’ll understand about minimalists is they reuse everything they can. Wasting is, unfortunately, common. Things we consider to be trash, like egg cartons and plastic food containers can easily be reused. You can reuse egg cartons to hold any delicate ornaments. Plastic bottles and jugs can be repurposed into hanging planters. You don’t need to constantly throw everything out when you can easily use them for something else.